Sat, Dec 20, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Funds, New Launches more

Fattah, Amanah launch Haj fund in Kazakhstan

Posted on 11 July 2011

Every Muslim country especially the populous ones such as Turkey, Iran, Indonesia, Pakistan, Bangladesh and Egypt should have one. But of the 56 member countries of the Islamic Development Bank (IDB), only one has and another is in the process of establishing one.
The institution in question is a non-banking savings institution for would-be Haj pilgrims such as the one pioneered by Malaysia in the 1960s, Lembaga Tabung Haji (The Malaysian Pilgrims Management Fund) which today has assets in excess of RM10 billion with equity stakes in Islamic banks, plantations and technology companies……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031